Triangle 4th Wave
Not Financial Advice
Hey guys TradeWithErv here with one of my favorite Forex trades on the market right now, I've always been a fan of crypto but Forex moves so smoothly & technically that you have to appreciate it. In my opinion, the Mexican Peso/ US Dollar is making a triangle fourth wave and if we're going to be following the Elliott Wave International guidelines, then we can come to the conclusion that triangles only happen on wave 4 of in impulse, and we can consider the rule of alternation in that wave 2 was a steep decline so in turn, wave 4 will more likely be a sideways complex correction i.e. a triangle. Remember that these are merely just guidelines and not a for sure thing to happen, just highly likely but I guess thats all we have to work with as traders?...
Follow if you want and I will be posting more of my favorite charts frequently! Appreciate your time.
-TradeWithErv
Hey guys TradeWithErv here with one of my favorite Forex trades on the market right now, I've always been a fan of crypto but Forex moves so smoothly & technically that you have to appreciate it. In my opinion, the Mexican Peso/ US Dollar is making a triangle fourth wave and if we're going to be following the Elliott Wave International guidelines, then we can come to the conclusion that triangles only happen on wave 4 of in impulse, and we can consider the rule of alternation in that wave 2 was a steep decline so in turn, wave 4 will more likely be a sideways complex correction i.e. a triangle. Remember that these are merely just guidelines and not a for sure thing to happen, just highly likely but I guess thats all we have to work with as traders?...
Follow if you want and I will be posting more of my favorite charts frequently! Appreciate your time.
-TradeWithErv
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